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The owner would receive a regular and agreed rental income from Waterloo Housing for up to six years, at which point the property would be handed back to the owner in an improved condition.

For a two-bedroom property that would otherwise be empty, a landlord could receive up to £17,000 over five years.

East Lindsey district councillor William Gray said: “Housing is a real issue in East Lindsey, with more than 5,000 people on the waiting list. This scheme provides a small number of landlords with an opportunity to improve their empty properties as well as earn a rental income.”

Landlords who would like to put forward their property will need to download an application form from the council's website or contact Helen Wright on 01507 613148.

Each scheme will be considered by the council and Waterloo Housing in line with an agreed criteria.

Comments

So a landlord who has allowed his property to fall into disrepair can have it brought up to standard free of charge, someone will then lease the property out for him, pay him while they do so, and then give it back to him in six years all done up.
Sounds like a bargain to me, where do I sign ?